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Category: PAYE

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NI Increase / Social Care Levy

NI Increase / Social Care Levy The governement have announced that all rates of national insurance contributions and income tax on dividends will increase by 1.25 percentage points from 6 April 2022. This increase in rates will be rebranded as the ” health and social care levy” with effect from April 2023 and kept separate…
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Budget 2021

Budget 2021 So today (3rd March 2021) the Chancellor has released his 2021 budget. Here are the details as announced so far with more to come over the next few days. If you prefer your updates by video click the play button below. The Furlough Scheme He has announced that the Job Retention Scheme, otherwise…
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Sick Pay for self-isolation during Coronavirus

Sick pay for self-isolation during Coronavirus If you are an employer, here is a great article / guidance regarding this courtesy of the ICPA and ACAS As of 13 March 2020, employees and workers who self-isolate must receive any Statutory Sick Pay (SSP) due to them from the first day they’re absent from work if it’s because:…
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Job Support Scheme

What is the Job Support Scheme? On 22 October 2020, the Chancellor announced further changes to the Job Support Scheme by expanding it into two schemes, Job Support Scheme (Open) for use by business that can continue to trade and Job Support Scheme (Closed) for those that are legally obliged to cease trading under Tier…
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Check your tax code – And what to do if it is wrong

Check your tax code – And what to do if it is wrong The tax code is fundamental to the operation of the PAYe system. The tax code represents the allowances (or ‘tax-free pay’) to which an employee is entitled, or, where the code is a K-code, the additional income that the employee is treated…
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Maintaining your NIC contributions record during Covid-19

Maintaining your NIC contributions record during Covid-19 The Covid-19 pandemic has meant that many people will suffer a reduction in income in 2020/21. Not all individuals are eligible for support under the Coronavirus Job Retention Scheme or the Self-Employment Income Support scheme, and those who are eligible for the grants will not generally receive their…
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Bonus for retaining staff when CJRS ends

Bonus for retaining staff when CJRS comes to an end The Coronavirus Job Retention Scheme (CJRS) has provided a lifeline to millions of employees and their employers during the Covid-19 pandemic. As at 19 July 2020, 9.5 million employees had been furloughed by 1.2 million employers, benefitting from support totalling £29.5 billion. As with all…
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How to calculate Statutory Redundancy Pay

How to calculate statutory redundancy pay While some help is available to employers through the Coronavirus Job Retention scheme to help them keep staff on during the COVID-19 pandemic, in some cases, it may not be possible to avoid making staff redundant. Where staff are made redundant and have at least two years’ continuous service,…
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Employer ? – How to start a new employee on PAYE

Starting a new Employee Payroll – how to deal with new starters From a payroll perspective, there are various tasks that an employer has to perform when they take on a new starter. For 2019/20 an employer needs to operate PAYE where the employee earns more than £118 per week (the lower earnings limit for…
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HMRC and the Staff Christmas party

HMRC and the staff Christmas Party It’s the time of year that businesses are planning the staff Christmas party for staff, their partners/spouses, clients and possible new clients. The cost of a staff party or other annual entertainment is generally allowed as a deduction for tax purposes but you have to meet the criteria set…
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